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Dec 5, 2012
12/12
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speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there were bills that needed to be paid. the speaker of the house, john boehner, said we're not going to expand america's credit card until we get serious about curbing spending. he said, no, mr. president, i will not raise the limit on america's credit card unless you agree to dollar-for-dollar reductions on the spending side of the ledger so that we're not just making the problem worse, we're creating a pathway to solve the problem altogether. i admire the speaker for that. and the speaker and the president agreed on this proposal. it was called the budget cont
speaker, this so-called fiscal cliff. it's not a fiscal cliff. the truth is we have a tax decision coming up and we have a spending decision coming up. truthfully, we need more spending decisions coming up. sequester is a new word that we brought up. the sequester, as you recall, mr. speaker, was the hammer that we put in place way back, one of the first big votes you and i took way back in august of 2011. that was part of an agreement that the president wanted to raise the debt ceiling. there...
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Dec 4, 2012
12/12
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the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an absolute fact that there is no way to achee the kind of balance in a broad deficit reduction package, a balance that requires significant revenues without rates going up on top earners. you cannot achieve it through closing of loopholes or capping of deductions and you certainly can be the achieve it through the kind of vague proposal we've seen from republicans which contain no specificity whatsoever, not -- not a single deduction named or loophole identified to be closed. so rates have to go up. the president believes, and it's part of the proposal
the fiscal cliff and our long-term deficit challenges. we have yet to see even an acknowledgment from republican leaders of the fundamental fact that there is no deal. that -- is no deal that does not include rates going up on top earners. as the president said in the interview you cited and as he has said before, he doesn't hold that position because it's inherently good. he doesn't hold it because he wants to punish wealthy americans, he holds it because it is mathematically sound. it is an...
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Dec 5, 2012
12/12
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that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a conversation about getting the fiscal house in order. i heard bob talking about that. it is true. we spend $1 trillion more than we take in. it's a fact and we have to address it. i approach this issue with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second
that being said, before we talk about fiscal cliff, we are here because of the last fiscal cliff. since we had another fiscal cliff-type scenario that created the scenario and ridiculous idea that i voted against, put a bunch of things bad to happen at one time. surprise, it didn't work and we are facing this. there are two issues number one, avoid doing damage and avoid doing harm. and we need to look for a way to accomplish that in the short-term. and we have to, we have to have a...
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Nov 29, 2012
11/12
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host: julie, let's start with the fiscal cliff. where does health policy, health care fit into this if at all? guest: obviously what -- there's nothing about the fiscal cliff that particularly impacts the health law. we do know that starting january 1, if congress does not act, there are these automatic cuts that take effect. compared is impacted only slightly. there will be 2% cut to payments to providers, not to beneficiaries, medicaid is excluded. however also on january 1, this is not part of this whole sequester piece, there is the problem medicare physician fees, the perennial problem, it happens to also expire in conjunction with everything else that happens on january 1. there would be a 27% cut to doctor payments under medicare, something that congress continues to not let happen, but they have to find several billion dollars, or if they want to make it go away for good, several hundred billion dollars to fix that problem. so there are a lot of health related issues involved in these negotiations. there are a lot of people
host: julie, let's start with the fiscal cliff. where does health policy, health care fit into this if at all? guest: obviously what -- there's nothing about the fiscal cliff that particularly impacts the health law. we do know that starting january 1, if congress does not act, there are these automatic cuts that take effect. compared is impacted only slightly. there will be 2% cut to payments to providers, not to beneficiaries, medicaid is excluded. however also on january 1, this is not part...
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Nov 30, 2012
11/12
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first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the 2013 house calendar is now publicly available at majority leader. gov. the house will convene the 113th congress at noon on january 3 and we will be in session for a total of 126 days. i thank the gentleman and yield back. mr. hoyer: i thank the gentleman for his comments. i appreciate his observation with reference to a number of pieces of legislation that are pending. and as he mentions in his comments, the fiscal cliff, of course, is of concern not only to us but the entire country. the negotiations as the majority leader points out are ongoing and hopefully wi
first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the...
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Dec 4, 2012
12/12
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that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that will be in early january. and the tax rate for all americans. in 2001 and 2003 and then extended during the lame duck of 2010, every americans' tax rates were extended out to expire the 31st of december. every tax rate from the lowest to the highest is set to go up. some people see the problem is we're not taxing enough and so that solves the problem. to just go off the fiscal cliff and everyone will be taxed more. some say we don't take from some group and give to the other. some say go to the clinton tax rate. we had a booming economy a
that's the first part of the fiscal cliff. the second part of it is the spending decrease that this congress and the president agreed to the last summer to say we dramatically increase spending, we have to reduce that spending. that spending decrease that was agreed to had a deadline by the end of this year. if there didn't there would be across the board cuts. the house passed our spending decreases in may. the senate has yet to pass any. with that we're stuck with across-the-board cuts that...